1) If Cost Price of a water bottle is Rs. 85 and Selling Price is 105, then what is the profit? a) Rs.15 b) Rs.25 c) Rs.20 d) Rs.30 2) John bought an old motor bike for $ 5675 and spent $ 453 on it’s repair. Then he sold it in $ 7265, find out the profit he made. a) $ 1173 b) $ 1371 c) $ 1137 d) NONE OF THESE 3) If SP > CP, then profit is made from the transaction. Mark True / False. a) TRUE b) FALSE 4) Merry bought a house for Rs. 275600. She stayed in that house for few years and then she sold it for a profit of Rs. 152000. Find the selling price of the house. a) Rs. 427600 b) Rs. 472600 c) Rs. 427600 d) NONE OF THESE 5) Ram bought a pen for Rs. 20 and sold it for Rs. 25. Find it is a gain or loss of how much for him? a) Rs.5 gain b) Rs.5 loss 6) Krishna bought Car for Rs. 75570. At what price he sold the car if he earned a profit of  Rs.7557? a) Rs.83127 b) Rs.83271 c) Rs.88127 d) Rs.88271 7) Selling Price = Cost Price + ________. a) Loss b) Proft c) no loss/ no profit d) None of these 8) A Coffee table costs for Rs. 11650 at a profit of Rs.750. Find the selling price of the coffee table? a) 12400 b) 11240 c) 14200 d) 12410 9) A music system cost price was Rs. 9875. It was sold at a profit of Rs.500. What is the selling price of the music system? a) 10037 b) 10375 c) 13075 d) 10735 10) If selling price is greater than the cost price, then the goods are being sold with a loss. Mark True / False. a) TRUE b) FALSE

PROFIT/LOSS

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